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Politics : High Tolerance Plasticity

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To: hdrjr who wrote (5292)6/16/2001 3:00:03 PM
From: jim_p  Read Replies (2) of 23153
 
hdrj,

I agree on AMAT. As a fund favorite, it's held up very well so far. At 50 times this year and next years declining earnings, it looks like it should be venerable soon.

Dabum, what's your take on the charts on AMAT?

I think we will have several opportunities to short oils this summer. I lot of the patch investors are in denial over commodity prices and are using the shoulder season as an excuse not to sell.

After we get out of the shoulder season, they well hang on to hope during the hurricane season. After that fails, it will be the upcoming winter being colder than normal. Come August the trading range should give to a more permanent downtrend until the next cycle starts in about 18 months.

At some point in time they will start to realize that this was not just a normal shoulder season.

Happy trading,

Jim
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